CHICAGO, April 25, 2012 /CNW/ - Taylor Fund, L.P. posted its first quarter return last Friday with a 14.38% increase - more than doubling the S&P 500 index's return of 6.28%.
Since the fund was launched in November 2008, its cumulative return has been 138.80%, compared to 45.39% for the S&P 500 index.
The Taylor Fund's performance also resulted in being ranked 4th worldwide for the month of February in Barclay Hedge's "Equity-Long Biased" category.
"This quarter's performance was aided by the strong performance of New Zealand Energy, Ltd., (NZERF)" said Steve Taylor, CEO and Chairman of Taylor Fund. "New Zealand Energy continues to execute and we expect it to be a growing player in that country's on-shore oil and gas industry."
"The quarter also marked the fund's first full quarter as the largest shareholder in Pan Pacific Bank, (PPFC)" said Taylor. "We participated in a follow-on equity investment during the quarter and the bank has announced a profitable first quarter. We remain extremely optimistic about its long-term prospects."
The focus of the fund remains small-cap, event driven equities, with a long-bias. Current areas of focus include: metals and mining, energy, small and mid-sized banks, real estate and Chinese small-cap equities.
All performance numbers are calculated by its independent, third-party administrator, Transcontinental Fund Administration (TFA) of Chicago, and are net of fees. Since the fund launched on November 15, 2008, it has been managed by Taylor Asset Management, Inc.
Taylor Fund, L.P. is currently closed to new investors.
SOURCE Taylor Fund, L.P.
For further information:
Jeff Maher or Christopher Kliner for Taylor Asset Management, Inc., +1-312-583-0500